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Copied ₹0.6262
₹ 0.6262
Market Cap
₹ 52.43 B -5.5818%
Circulating Supply
86970300000
Max Supply
--
Volume
₹ 526.39 M
All Time High :
₹ 12.35
All Time Low :
₹ 0.5584
Price change in 24H :
₹ 0
24H High :
₹ 0.6539
24H Low :
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Flare is an EVM-compatible Layer-1 blockchain that describes itself as "the blockchain for data." Its defining feature is two enshrined oracle protocols built into the network itself: the Flare Time Series Oracle (FTSO), which delivers decentralized price feeds, and the Flare Data Connector (FDC), which proves events from other blockchains and web sources to Flare smart contracts. Those protocols power FAssets, a system that brings non-smart-contract tokens such as XRP, Bitcoin, and Dogecoin into DeFi as FXRP, FBTC, and FDOGE without centralized custodians. FLR is the native token used for gas, staking, FTSO delegation, and governance. Flare launched its token distribution to XRP holders in January 2023 and completed its 36-month FlareDrop program on January 30, 2026. In April 2026, governance passed FIP.16, which cut annual inflation from 5% to 3%, raised base gas fees 20x, and created the Flare Income Reinvestment Entity (FIRE) to buy back and burn FLR with protocol revenue. As of September 2026, FLR trades around $0.0065–$0.008 with a market cap near $500–600 million, over 21 billion FLR staked, and more than 150 million FXRP minted.
Most blockchains treat external data as someone else's problem: they rely on third-party oracle networks like Chainlink to import prices and events. Flare's thesis is that data access should be a native function of the chain, secured by the same validators that secure the network.
Flare is a full EVM chain, so developers deploy Solidity contracts exactly as they would on Ethereum. What makes it distinct is that every validator also participates in two data protocols:
The Flare Time Series Oracle (FTSO) delivers decentralized price feeds, updating every block with roughly 1.8-second latency for its fast feeds. As of August 2026, FTSO selects contributing providers through a per-block random draw, which makes feed manipulation significantly harder.
The Flare Data Connector (FDC), formerly the State Connector, lets smart contracts prove that something happened elsewhere: a payment on the XRP Ledger, a Bitcoin transaction, a Dogecoin transfer, or a specific API response from a web source. Attestations are validated by the network and settled on-chain.
Together, these give Flare the ability to build trust-minimized bridges and asset wrappers for chains that lack smart contracts. That capability is the foundation of FAssets, and it is why Flare positions itself as the DeFi home for XRP holders specifically.
Flare's tagline is "the blockchain for data," and its stated mission is to enable "data-intensive" applications: DeFi that reacts to real-world events, AI agents that need verified inputs, tokenized real-world assets, and cross-chain composability.
Flare was founded by Hugo Philion (CEO), Sean Rowan (CTO), and Dr. Nairi Usher (Chief Scientist). Philion, a former commodities trader with a background in machine learning, is the network's most visible spokesperson and has driven the XRP-focused strategy since the project's earliest days. The team began work in 2019, and the network's original concept was to bring smart contracts to XRP without modifying the XRP Ledger.
The Flare Foundation is the non-profit that stewards protocol development, governance proposals, ecosystem grants, and, since FIP.16, the administration of FIRE. Flare Labs is the primary engineering entity. The Foundation publishes regular updates at flare.network/news and runs a weekly community Q&A on Discord.
Flare's governance operates through Flare Improvement Proposals (FIPs), voted on by FLR holders and, for certain proposals, by validators. Key decisions such as the FlareDrop schedule (FIP.01) and the 2026 tokenomics overhaul (FIP.16) were decided this way.
Independent data providers submit price estimates for supported assets each voting round. The protocol computes a weighted median, with weight derived from FLR delegated to each provider. Providers whose submissions fall within the reward band earn FLR; delegators share those rewards. FTSOv2 introduced block-latency "fast updates" that adjust prices every 1.8 seconds, alongside the anchor feeds. The August 2026 randomized provider selection adds a per-block lottery to the process, reducing the ability of any provider to predict when its submission counts.
The FDC handles attestation requests: a user or contract asks the network to confirm a fact (for example, "did address X on the XRP Ledger receive 100 XRP with destination tag Y?"). Attestation providers query the relevant chain or API, sign their findings, and the network finalizes a Merkle root of confirmed attestations that smart contracts can verify. FDC request fees became a FIRE revenue stream in August 2026.
Flare Smart Accounts abstract away the complexity of interacting with FAssets. An XRP holder can mint FXRP and deploy it into a yield strategy by sending a single XRP Ledger transaction with a destination tag, without ever manually managing a Flare wallet. This is the mechanism behind products like Clearstar Labs' earnXRP vault.
Scheduled for Q3 2026, Confidential Compute uses Trusted Execution Environments (TEEs) so institutions can trade and lend XRP-backed assets without exposing positions publicly. Philion has framed it as the key to institutional XRP DeFi. Fees from Confidential Compute are a designated future FIRE revenue source.
FAssets is Flare's flagship application. It creates over-collateralized, trust-minimized representations of tokens rom chains without smart contracts.
A user sends XRP (or BTC, DOGE) to an agent on the native chain.
The FDC attests that the payment occurred.
The FAssets contract mints FXRP on Flare to the user.
Agents post collateral (in FLR and stablecoins) that can be liquidated if they misbehave, and the system is backed by a core vault.
Redemption reverses the process: burn FXRP, receive XRP.
By late March 2026, more than 150 million FXRP had been minted, with Flare reporting that over 85% was deployed in lending, vaults, staking, and yield strategies rather than sitting idle. The FAssets v1.3 upgrade on May 14, 2026 collapsed minting into a single XRP Ledger transaction, making it possible to mint FXRP directly from a Binance or Kraken withdrawal after registering a destination tag once. FLR rose 14% the day it went live.
Flare DeFi: Lending markets, DEX pools, and vaults. Clearstar Labs' earnXRP vault, the first fully on-chain XRP yield product, raised its cap multiple times to over 33.7 million FXRP (~$46.5 million).
Hyperliquid: FXRP launched as a LayerZero OFT on Hyperliquid on February 5, 2026, with FXRP/USDH and FXRP/USDC spot markets. Hyperliquid FXRP hit $2.19 that day.
Base: An FXRP representation also exists on Base via the same OFT standard.
Institutional custody: Hex Trust offers FXRP minting and native FLR staking for institutions under a February 2026 partnership. D'CENT hardware wallets added FXRP yield access in May 2026.
Native Bitcoin (FBTC) is slated to join the FAssets system in 2026, extending the same model to the largest crypto asset. FDOGE is also supported in the protocol design.
Firelight is a DeFi insurance and liquid-staking layer for FAssets. Phase 2, targeted for Q2 2026, introduces stXRP, a liquid-staked XRP representation, and a full insurance layer for FAssets agents.
Flare's token distribution event on January 9, 2023 delivered 15% of the allocation (about 4.28 billion FLR) to XRP holders from the December 2020 snapshot. Under FIP.01, the remaining 85% was distributed as 36 monthly FlareDrops totaling 24.2 billion FLR to anyone who wrapped FLR (WFLR) or staked to a validator. The final FlareDrop was paid on January 30, 2026, ending a three-year supply overhang that analysts had long cited as the primary drag on price.
Other allocations at genesis went to the Flare Foundation, Flare VC Fund, team, and backers under vesting schedules.
FIP.01 set issuance at a declining rate, with a 5 billion FLR annual cap in the final phase, calculated only on distributed FLR. The first two years used higher rates for bootstrapping.
Proposed March 27, 2026 and passed with 98.06% approval in a vote held April 17–24, 2026, FIP.16 is the most consequential governance decision in Flare's history. It changed five things:
Inflation cut from 5% to 3%. The annual issuance cap dropped from 5 billion to 3 billion FLR, effective May 2026. Applied to an inflatable base of about 87 billion, gross issuance is roughly 2.6 billion per year. The base also now excludes burned tokens, unearned rewards in penalty pools, and Foundation-held FLR, shrinking effective inflation further.
Base gas fee raised 20x. The minimum base fee rose from 25 to 500 gwei (some analyses cite the effective jump as 60 to 1,200 gwei), with all base fees burned. A basic transfer still costs only about 0.064 FLR. The change went fully live in July 2026.
Staking weight adjustments. Validator caps and chain weighting were updated to strengthen security and reward active participation.
Protocol revenue routing. Fees from FAssets minting and redemption, FDC attestations, Smart Accounts, Confidential Compute, and MEV are directed to a new entity.
Creation of FIRE. The Flare Income Reinvestment Entity collects that revenue and uses it for open-market FLR buybacks and burns. FIRE also anchors a three-stage plan to move block building under protocol control so MEV, which leaks to third parties on most chains, is captured internally. Flare noted its DeFi ecosystem saw 660,000+ cyclic-arbitrage transactions and 1,000+ liquidations in Q1 2026 alone, indicating meaningful MEV to capture.
DefiLlama's September 4, 2026 analysis reported that FIRE had collected $31,438 across four live streams (FAssets minting $18,248 from 7,708 mints; FDC fees $12,676; destination-tag registrations $505; redemptions $9). Total 2026 fee burns reached 15.6 million FLR, over 40% of it after the July gas change, putting the burn pace at more than 10x the pre-upgrade baseline. Staking rose 82% to roughly 21.5 billion FLR. Analysts project burns of up to ~300 million FLR per year at current usage, though they stress FIP.16 reduces net inflation rather than guaranteeing outright deflation.
Wrap FLR to WFLR and delegate voting power to up to two FTSO data providers. Rewards accrue each reward epoch (3.5 days) based on provider accuracy. Delegation is non-custodial and tokens remain liquid.
Stake FLR on the P-chain to a validator for a fixed period (minimum 14 days for delegators, 60 days for validators). Rewards come from protocol inflation. Staking grew sharply after FIP.16 increased staking weight.
Run an FAssets agent by posting collateral and facilitating mints and redemptions in exchange for fees. This requires more capital and technical ability but earns direct protocol revenue.
Supply FLR, WFLR, or FXRP to lending markets and liquidity pools across Flare's DeFi ecosystem, or deposit into vaults like earnXRP.
Note that FlareDrops no longer accrue as of January 30, 2026; only the protocol-level rewards above remain.
2019: Flare Networks founded; the token is initially called Spark.
December 12, 2020: XRP Ledger snapshot for the Spark airdrop, with exchanges including Binance, Coinbase, and Kraken supporting it.
July 14, 2022: Flare mainnet launches in observation mode with validators; Songbird canary network already live since September 2021.
January 9, 2023: Token distribution event; FLR begins trading with the 15% initial allocation. Price opens around $0.04 and falls through the year to about $0.008.
February 2023: FlareDrops begin under FIP.01.
2024: FLR rallies from $0.018 to an all-time high of about $0.0546 on February 26, then retraces.
2024–2025: FTSOv2 with fast updates, FDC launch, FAssets on Songbird, then FXRP on mainnet.
December 2, 2025: Cancun/Dencun EVM upgrade goes live on Flare mainnet.
January 30, 2026: Final FlareDrop; distribution schedule complete.
February 2026: FXRP lists on Hyperliquid; Hex Trust institutional partnership.
April 24, 2026: FIP.16 passes with 98.06% approval; FLR prints an all-time low near $0.0073 the same month.
May 14, 2026: FAssets v1.3 single-transaction minting; FLR +14%.
July 2026: FIP.16 gas changes fully live; burn rate rises 10x.
September 2026: DefiLlama confirms early FIP.16 results; Confidential Compute launch approaches.
Flare's differentiator is vertical integration: the oracle, the bridge logic, and the smart-contract layer share one validator set and one token. Its closest analog in strategy is being "the DeFi layer for XRP," a market of roughly $150+ billion in largely idle capital.
Centralized exchanges: Binance, Coinbase, Kraken, OKX, Bybit, KuCoin, Bitget, Gate, HTX, Upbit, and Bithumb list FLR.
Decentralized exchanges on Flare: SparkDEX, BlazeSwap, and Enosys (formerly FlareX) via WFLR pairs.
Any EVM-compatible wallet works: MetaMask (add Flare network, chain ID 14), Bifrost Wallet (Flare-native), Ledger, Trezor, and D'CENT. The official Flare Portal (portal.flare.network) handles wrapping, delegation, staking, and governance voting.
Add Flare to MetaMask or open Bifrost Wallet.
Go to portal.flare.network and connect.
Wrap FLR to WFLR.
Choose one or two FTSO providers and delegate 100% of vote power.
Claim rewards each 3.5-day epoch (auto-claim options exist).
Register a destination tag once via the Flare Portal or a Smart Account provider, then withdraw XRP from any exchange to the provided XRP Ledger address with that tag. FXRP arrives in your Flare wallet.
Market cap: roughly $480–620 million depending on price and supply figures used.
Circulating supply: 74–76 billion FLR (TradingView cites a higher figure that includes locked allocations).
Daily volume: about $3–4 million on major aggregators, low relative to market cap.
Drawdown from ATH: approximately 85–88%.
Key technical zone: analysts identify $0.012–$0.015 as the resistance that must break on a weekly close to signal a trend change; $0.0104–$0.0112 was flagged as near-term resistance in February.
Historically, FlareDrop supply was the dominant bearish factor. Since January 2026 that overhang is gone, and the narrative has shifted to whether FXRP adoption, FIRE buybacks, and burns can generate net demand. A widely shared thesis argues that Flare's TVL growth (over $160 million by March 2026) has diverged from price, creating a potential catch-up if the correlation resumes. Skeptics note that FIRE's collections remain small in absolute dollar terms and that MEV capture, the largest projected revenue source, is not yet fully deployed.
Flare integrated Ethereum's Cancun/Dencun EVM improvements, bringing faster and cheaper smart-contract execution and closer parity with Ethereum tooling. This laid groundwork for the higher-throughput DeFi activity that FIP.16 later sought to monetize.
The 36th and final FlareDrop was paid, completing the 24.2 billion FLR distribution under FIP.01. Wrapped, reward, and staked FLR stopped accruing FlareDrop rewards, though FTSO delegation, staking, and FAssets agent rewards continued. The Foundation published "Beyond FlareDrops: FLR Enters Its Operational Utility Era," framing the milestone as a shift from distribution to consumption, and analysts called January 30 the single biggest supply-regime change since launch.
FXRP launched as a LayerZero OFT on Hyperliquid with an FXRP/USDH spot market (and FXRP/USDC), extending XRP liquidity into one of the largest on-chain derivatives venues. The Hyperliquid FXRP token hit an all-time high of $2.19 on launch day.
Flare and Hex Trust announced a strategic collaboration giving institutions custody-integrated access to native FLR staking and FXRP minting, a prerequisite for the institutional XRP DeFi strategy Philion has described.
The Flare Foundation published FIP.16, citing network growth of over $160 million TVL, 887,000 active addresses, and 150 million+ FXRP minted. The proposal introduced FIRE, the inflation cut, the gas-fee increase, staking-weight changes, and a three-stage plan for protocol-owned block building to capture MEV.
Community voting ran for one week and the proposal passed overwhelmingly. Coverage from Laika Labs, CCN, and The Crypto Times described it as the most significant single governance decision in Flare's history. FLR nonetheless printed a new all-time low near $0.0073 during April as broad market weakness overshadowed the news.
The upgrade reduced FXRP minting to a single XRP Ledger transaction after a one-time destination-tag registration, enabling direct minting from Binance, Kraken, and other exchanges. FLR rose 14% on the day. Around the same period, Flare partnered with D'CENT Wallet to offer hardware-secured XRP yield access, and Philion outlined the Confidential Compute roadmap for Q3 in interviews.
The 5%-to-3% issuance reduction went live in May, and FIRE began receiving FAssets minting fees the same month. CoinLore's May 25 snapshot showed FLR at about $0.0083 with a $618 million market cap.
A June 3 analysis argued that FLR's persistent weakness stemmed from years of distribution-driven supply and a slow translation of technical capability into visible usage, while identifying FIP.16 as the key 2026 development that could change the equation. CoinMarketCap's consolidated outlook rated sentiment "cautiously bullish," anchored by tokenomics and FXRP growth but tempered by a bearish technical structure.
The 20x base-fee increase completed rollout in July. DefiLlama later reported that more than 40% of 2026's 15.6 million FLR in fee burns occurred after this change, with the burn pace exceeding 10x the prior baseline. A basic transfer still costs roughly 0.064 FLR.
FDC attestation fees began flowing to FIRE in August, quickly becoming its second-largest stream at $12,676. On August 27, Ripple's RLUSD stablecoin surpassed $2 billion in supply, expanding the on-chain liquidity available for FXRP strategies, and Flare announced that FTSO now selects providers by per-block random draw to harden feeds against manipulation. Clearstar Labs' earnXRP vault raised its cap again to hold over 33.7 million FXRP (~$46.5 million), more than six times its original 5 million cap. Decrypt, Crypto Briefing, Finbold, and CoinPedia all covered Flare developments during the month.
The Crypto Times reported FIRE's revenue nearly doubled in the second half of August as staking jumped 82% to about 20 billion FLR. DefiLlama's September 4 research note confirmed most of FIP.16 was live, put total FIRE collections at $31,438 across four streams, staking at 21.5 billion FLR, standard DeFi TVL at $131.7 million with roughly $350 million in bridged value, and reiterated that Smart Account fees, Confidential Compute fees, and MEV capture are staged for later phases.
Confidential Compute (Flare 2.0) launch in Q3–Q4, the gateway to institutional XRP DeFi and a new FIRE revenue stream.
Protocol-owned block building and the start of MEV capture, projected to be FIRE's largest source.
FBTC mainnet, bringing Bitcoin into FAssets.
Firelight Phase 2 with stXRP liquid staking and agent insurance.
Weekly close above $0.012–$0.015, the level analysts cite as confirmation of a trend reversal.
Cumulative burn and buyback figures, which the community tracks as the direct measure of FIP.16's effect.
Unlike most mid-cap tokens, Flare has a well-resourced foundation running a deliberate go-to-market strategy. Its activity in 2025–2026 falls into five categories.
Flare's entire marketing identity is built around being the DeFi layer for XRP. Philion appears regularly in XRP-community media, and Flare's announcements are timed to XRP ecosystem events. The RLUSD integration and the "XRPFi" framing (XRP + DeFi) are central to messaging. Every FAssets milestone is presented first to XRP holders.
The Hex Trust collaboration (February 2026), D'CENT hardware-wallet integration (May 2026), and Clearstar Labs' earnXRP vault are positioned as proof that institutions and regulated custodians are adopting FXRP. Confidential Compute is marketed explicitly as the institutional on-ramp.
FIP.16 was not just a protocol change but a communications campaign. The Foundation published detailed explainers, hosted community discussions, and framed the 98.06% approval as a mandate. Third-party outlets amplified the "regime change" framing, and the BSCN thread "FIP.16 cut Flare's inflation and added fee burns" (September 2026) is representative of the sustained coverage.
The Hyperliquid FXRP listing, Base OFT deployment, and single-transaction minting from Binance and Kraken were each announced as ecosystem expansions. Flare has also pursued Korean exchange presence via Upbit and Bithumb.
Flare runs a weekly Discord Q&A (Wednesdays at 15:00 UTC), maintains a newsletter with over 30,000 subscribers, publishes ecosystem updates at flare.network/news, and funds builder grants through the Foundation. FlareDrops themselves were the largest community-engagement program in the network's history: 36 months of monthly rewards that required active wrapping or staking to claim.
Price versus fundamentals divergence: FLR sits 85%+ below its ATH despite record TVL, staking, and FXRP minting. The market may continue to discount the network.
FIRE revenue is small: $31,438 collected by September 2026 is negligible against a $500+ million market cap; the buyback thesis depends on MEV capture and Confidential Compute fees that have not yet shipped.
Net inflation persists: Even at 3%, roughly 2.6 billion FLR are issued annually; burns of 15.6 million to date offset only a fraction.
XRP dependency: Flare's growth is tied to XRP's regulatory and market trajectory.
Execution risk: Confidential Compute, protocol-owned block building, and FBTC are all pending.
Low trading volume: $3–4 million daily is thin for a top-70 asset and can amplify moves.
Competition: Chainlink CCIP, native XRPL developments, and other bridges compete for the same use cases.
This article is for informational purposes only and does not constitute financial, investment, or legal advice.
Flare is an EVM Layer-1 with built-in oracles (FTSO and FDC) that enable trust-minimized DeFi for assets like XRP and Bitcoin. FLR is its native token for gas, staking, delegation, and governance.
Hugo Philion (CEO), Sean Rowan, and Dr. Nairi Usher. The Flare Foundation stewards the protocol.
XRP represented on Flare via the FAssets system. It is over-collateralized, redeemable 1:1, and usable in DeFi. Over 150 million FXRP have been minted.
XRP holders from a December 2020 snapshot received 15% of their allocation on January 9, 2023 and the remaining 85% via 36 monthly FlareDrops that ended January 30, 2026.
No. The final FlareDrop was distributed January 30, 2026.
A governance proposal passed April 24, 2026 that cut inflation from 5% to 3%, raised base gas fees 20x with burns, and created FIRE to buy back and burn FLR using protocol revenue.
The Flare Income Reinvestment Entity, which collects FAssets, FDC, Smart Account, Confidential Compute, and MEV revenue for FLR buybacks and burns.
Not yet. FIP.16 reduces net inflation and adds burns; whether supply shrinks depends on network usage.
Wrap to WFLR and delegate to FTSO providers, stake to validators, run an FAssets agent, or use Flare DeFi.
About $0.0546 on February 26, 2024.
It ranged from an all-time low near $0.0073 in April to around $0.0065–$0.0083 through summer, with a market cap of roughly $480–620 million.
About 21.5 billion as of September 2026, up 82% since FIP.16.
Flare 2.0's TEE-based privacy layer, launching Q3 2026, enabling institutions to use XRP-backed assets without public exposure.
Suncrypto, Binance, Coinbase, Kraken, OKX, Bybit, Upbit, and Flare DEXs like SparkDEX.
Flare's canary network (SGB), where upgrades are tested before mainnet.
No corporate relationship. Flare independently chose XRP holders for its airdrop and builds XRP DeFi tooling; Ripple's RLUSD is integrated on Flare.
